Tag: payments

Rory Hanly is the new Group Chief Operating Officer of the Crown Agents Bank Group, overseeing both Crown Agents Bank and its investment management arm, Crown Agents Investment Management. Hanly will refine the bank’s core operating processes, systems and procedures, with combined responsibility for operations and IT, ensuring effective collaboration across the bank, including business …

In an article for corporate finance magazine, Treasury & Risk, Ingrid Weisskopf, head of cash products and advisory FI at Commerzbank, sets out the promise of SWIFT’s new global payments innovation (gpi) initiative for banks and companies alike. In her article, ‘Driving a New Standard in Cross-Border Payments’, Weisskopf explains that the smooth running of …

Deutsche Bank has made a significant hire to its Trade Finance London team. David Herbert rejoins Deutsche Bank after five years with Bank of America Merrill Lynch (BAML), where he latterly headed the Western European Trade Sales team. David has over 30 years banking experience and spent the majority of his career in a …

iGTB’s Al Carpetto has written the Top Story in this year’s Financial IT Sibos Special Issue where he discussed payments hubs enabling radical change in the payments industry, and explained how the future of payments will centre not on processing payments, but on ensuring that they are real-time and “business aware” – allowing banks to understand …

As the middle class populations of emerging markets grew by 50% in the 2000s, so too have both inter- and intra-emerging market trade flows. In turn, banks must increasingly factor proficient multicurrency solutions into their offerings to cater to this demand. Writing for the Trinidad and Tobago Chamber of Industry and Commerce magazine, Contact, Jean-Pierre …

SME cash-flow solution provider, Satago, has secured £4.6 million in funding from ESF Capital, the institutional marketplace lending accelerator. Comprising an initial £3 million credit line from ESF and an equity investment of £1.6 million, with further potential for additional equity and debt funding, the deal signals the launch of Satago’s unique financing solution, which …

In an executive interview with Treasury Management International, Dieter Stynen, Global Transaction Banking FX at Deutsche Bank discusses some of the challenges and opportunities for cross-currency payments and collections. In terms of challenges, Stynen explained that when converting currencies there is often no visibility over the FX rate that is applied, making it difficult to …

In a Q&A for The Paypers, Andrew Reid, Managing Director and Head of Cash Management Corporates, GTB, explained how now was the time for the B2B payments space to have the same level of transformation and convenience that the Retail banking space has experienced in recent times. Reid argued that banks and corporates should be …

Technological advances and emerging market growth have stimulated client demand for faster and more efficient payments. Writing for GTNews, Ross Jones, Product Line Manager, Global Payments, Treasury Services EMEA, BNY Mellon, discusses how straight-through processing (STP) plays a crucial role in decreasing transaction times and facilitating the global payments market at a time of rapid …

Activity in the fintech arena is hotting up, with a flurry of bank-fintech partnerships driving the exploration of the blockchain’s potential to streamline the payments process. In an Expert View article for FX-MM, Dhiru Tanna, Sales Officer, Treasury Services EMEA, BNY Mellon, discusses how the blockchain could transform the transaction space, and how 2016 could …